For the second quarter, the company reported a revenue of $2.67 billion. Its revenue is consistently growing, and it is much bigger than it was four years back. There is no doubting the health of the company. The fundamentals of the company are solid. The company has already started offering these services to consumers and the long term goal certainly seems achievable. People can get a mortgage loan, home appraisal and insurance, solar panels and auto insurance from one place. It aims to provide an all-in-one service to consumers. Rocket Companies was already growing at a fast pace and the new business segments will take the company to new highs. 7 Risk-Adverse Stocks to Buy for a Fortified Portfolio.The company has expanded into different segments, namely, Rocket Auto, Rocket Homes and a solar program that will provide ample growth opportunities and will take RKT stock higher. The company does not depend on one source of revenue and has income coming from various segments including real estate, personal finance brands, mortgage and auto.Ī decline in one industry will not have a major impact on the bottom line. One major reason to invest in RKT stock is the profits from multiple business segments. Let’s dig deeper into the catalysts driving RKT stock higher. Although RKT stock hasn’t moved much over the past few months, it certainly has the potential to grow in the long term. I had recommended a buy when it was trading at a similar level in June. The stock declined 20% in the three months and this dip is the perfect chance to add it to your portfolio. RKT stock hasn’t had a good ride lately, but it has strong potential. The mortgage loan provider saw its stock go from $43 in March to $16 today.
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